• Israel and Hamas have reached a multiphase cease-fire and hostage agreement, negotiators announced.
• People in Israel and the Gaza Strip gathered to celebrate the news of the long-awaited accord.
• The tentative deal comes after 15 months of bloodshed that left tens of thousands dead.

Israel and Hamas have reached a tentative agreement to stop the war in Gaza, the White House announced Wednesday, a first step towards an end to 15 months of fighting that left tens of thousands dead in the Middle East.

As news of the long-awaited cease-fire deal reached Tel Aviv and the Gaza Strip, people gathered to celebrate what they hoped would be the end of hostilities and the anticipated return of their family and friends held in Hamas tunnels or Israeli prisons.

'Complex' multiphase agreement

Set to take effect on January 19, the complex cease-fire deal includes a phased approach. Lasting six weeks, the first phase consists of a "full and complete" cease-fire, a gradual withdrawal of Israeli forces, and the release of hostages held by Hamas, US President Joe Biden said Wednesday.

Israel said it would reduce the number of forces operating in the Gaza Strip and expected to fully withdraw its military presence in a later phase of the deal. Hamas agreed to initially release nearly three dozen Israeli hostages in exchange for hundreds of Palestinian prisoners held in Israel but has not confirmed when the final hostages will return home.

Biden added that women, the elderly, and the wounded hostages would be released as part of the first phase, as well as American hostages being held in Gaza. Seven Americans are being held hostage in Gaza, three of whom are presumed to be alive.

To ensure both sides adhere to the terms of the cease-fire agreement, diplomats from the US, Qatar, and Egypt said they plan to create a "follow-up mechanism" to track reports of violations.

"We expect that the parties will adhere to the agreement and stay committed … but we know that these kinds of agreements are very complex and will have some issues down the line," Qatar Prime Minister Mohammed bin Abdulrahman Al Thani said.

'A permanent end of the war'

Over the next six weeks, Biden said negotiations between Israel and Hamas will continue to work out the second phase of the cease-fire deal: a permanent end of the war in Gaza.

"There are a number of details to negotiate, to move from phase one to phase two," the US president said. "But the plan says if negotiations take longer than six weeks, the cease-fire will continue as long as the negotiations continue."

Biden added that Palestinians can return to their homes in all areas of Gaza as officials work to get humanitarian assistance into the war-torn territory.

In a possible third phase of the deal, Biden said the remains of hostages who have been declared dead would be returned to their families, and "a major reconstruction plan for Gaza will begin."

Palestinians rejoice in Gaza Strip

Photos and video taken in the Gaza Strip captured celebratory cheers and gunfire as Palestinians crowded the streets after learning that this could be the end of the humanitarian crisis that has gripped the Gaza Strip and forced the vast majority of them from their homes.

Israel's war against Hamas has leveled neighborhoods and led to the deaths of at least 46,000 Palestinians in Gaza.

Some gathered outside al-Aqsa Martyrs Hospital, a medical facility in central Gaza that doubled as a displacement camp that was frequently targeted by Israeli attacks. The Israeli military said they believed the complex concealed a Hamas command center.

One of the celebrants, Alaa Abu Karsh, told CNN that the news of the cease-fire was a "very big surprise for the Palestinian people and the whole world."

"We wish many people could be celebrating this moment with us, but they are now in a better place," he said.

Protest-turned-celebration in Israel

Ahead of the announcement of the cease-fire agreement, thousands of Israeli protesters gathered outside the country's defense ministry to call for the return of the hostages still being held in Gaza.

The remaining hostages have been held for 466 days in abject conditions in Gaza after being seized by Hamas fighters during the Oct. 7, 2023 terror rampage into Israel.

Former Israeli Defense Minister Yoav Gallant condemned National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich, both of whom were against the hostage deal and threatened to quit the government if it was approved.

"It is neither Jewish, nor Zionist, nor humane," Gallant said at the rally.

However, the protests soon turned to celebrations as news spread to Tel Aviv that the cease-fire and hostage deal had been reached.

Demonstrators were seen embracing and crying as they held their picket signs depicting their friends and family still being held hostage by Hamas in Gaza.

Divided on hostage deal

The Hostages and Missing Families Forum, a volunteer-based organization, said the agreement is a "significant step forward" to bring Israeli hostages home, expressing "profound gratitude" to the US and international mediators involved in brokering the peace deal.

"Since November 2023, we have been anxiously awaiting this moment," the organization said in a statement, "and now, after over 460 days of our family members being held in Hamas tunnels, we are closer than ever to reuniting with our loved ones."

"However, deep anxiety and concerns accompany us regarding the possibility that the agreement might not be fully implemented, leaving hostages behind. We urgently call for swift arrangements to ensure all phases of the deal are carried out," the group continued.

Though a majority of Israelis support the peace deal, the Tivka Forum, a right-wing organization advocating for the release of hostages, said they believe the agreement includes steep concessions, like the release of Palestinian prisoners, that could compromise Israel's national security and its leverage against Hamas.

"The proposed deal endangers the hostages and endangers the State of Israel," the organization said in a statement. "It is high time we stop the immoral surrender to terror, and demand that all the hostages be released at once, unconditionally and immediately."

The forum added: "Our only option is to win this war and to remove any incentive to ever attack Israel again."

World leaders react

World leaders reacted with messages of hope for peace.

The peace deal came less than a week before Biden leaves office and US President-elect Donald Trump's return to the White House, with both administrations taking part in the negotiations.

"In these past few days, we have been speaking as one team," Biden said, as his administration will work to implement the deal while the Trump administration will work to carry it out.

António Guterres, United Nations secretary-general, emphasized the importance of implementing the deal and getting humanitarian aid to Palestinians in Gaza.

"It is imperative that this ceasefire removes the significant security and political obstacles to delivering aid across Gaza so that we can support a major increase in urgent lifesaving humanitarian support," Guterres said.

Netanyahu had yet to officially announce that Israel accepts the agreement announced by Biden and Al Thani on Wednesday, saying that some final details are still being agreed upon. The Israeli prime minister said he will release a statement "after the final details of the agreement, which are currently being worked on, are completed."

Hamas said in a statement that the cease-fire was "the result of the legendary resilience of our great Palestinian people and our valiant resistance in the Gaza Strip."

• A judge in Manhattan denied the Alexander brothers bail in their sex-trafficking case on Wednesday.
• The denial followed a contentious hearing over whether the three brothers are dangerous or a flight risk.
• The judge criticized a lawyer who argued a woman can't be incapacitated if she can still stand up.

A judge in Manhattan denied bail on Wednesday for the Alexander brothers in their federal sex trafficking case, meaning they will remain jailed in Miami pending trial.

Oren and Tal Alexander were luxury real-estate agents in Miami Beach and Manhattan before they and Oren's twin, Alon, were indicted in December. The three have denied wrongdoing and have pleaded not guilty to federal sex trafficking charges.

The bail denial by US District Judge Valerie E. Caproni followed a contentious three-hour hearing, during which one defense lawyer argued that the brothers were no longer "orgying" and another said a woman can't be incapacitated if she can still stand up.

That latter claim sparked a harsh retort from the judge.

"That is nonsense," Caproni told a lawyer for Oren Alexander, interrupting his attack on a key piece of evidence — a 2009 video showing either Oren or his twin, Alon, having sex with a woman that the government alleges was incapacitated.

"I'm just telling you, if that's your argument, you lose," the judge told the lawyer.

The testy exchange was begun by Deanna Paul, a defense lawyer for the twins' older brother, Tal, who told the judge that the sex-trafficking indictment is based on weak evidence.

The indictment alleges that for 10 years starting in 2010, the siblings conspired to use their wealth and prominence in the luxury real estate world to rape or assault more than 40 women, mostly in Manhattan and Miami and often through the use of the drug GHB.

Halfway through Wednesday's hearing, which the brothers did not attend, Paul mentioned that key prosecution evidence — the 2009 video. She criticized its probative value, telling the judge it "shows the lack of force" during a consensual sexual encounter.

"In my view, having sex with a woman who is physically incapacitated is basically rape," the judge responded, citing the prosecution's description of the video.

The judge asked prosecutor Andrew Jones to describe the video more fully, which he then did publicly for the first time. He called it a "trophy" tape that the government had seized as evidence, and said it depicts one of the twins having sex with a woman he said the government has not spoken to.

Jones said he wasn't sure if the video shows Oren or Alon, but that as it begins, "one of these very stone-cold sober defendants sets up a tripod."

"There's a woman on the bed. She's naked," Jones continued. "When she tries to speak, it's incoherent. She is mumbling," and she appears unable to move, he told the judge.

After the alleged rape, "she manages to stand on the floor, but then collapses back on the bed," the prosecutor said the video shows.

Later in the hearing, the video was mentioned again by a lawyer for Oren Alexander, Richard Klugh.

He referred to the woman in the video as "the sexual partner" of either of the twins and "the woman who stood up immediately after having sex."

He said prosecutors are misrepresenting evidence when they say the woman was unable to speak, given that "she was mumbling."

"You cannot call someone incapacitated who is able to stand up," he added — at which point the judge called his assessment "nonsense."

At the end of the hearing, Caproni rejected defense arguments that the siblings were neither a danger to the community nor a flight risk, and that, as Klugh put it, "there's been no more orgying. They're married."

She also turned down a $115 million bail package and a promise that the three would live together in Florida on home confinement. The home would have an in-house security team, window sensors, and an alarm system, the defense lawyers had said.

Caproni said her denial was based in large part on federal appellate case law from New York's Second Circuit that bars judges from accepting a two-tiered bail system where only wealthy defendants can spend money for 24-hour monitoring by an in-house security team.

"I have real problems with that," she said. "In the Second Circuit, if the only way I can mitigate danger to the community is to create a private jail, then I can't do that."

Caproni set the trio's next court date for January 29.

Southwest Airlines is being sued and Frontier Airlines fined over chronic flight delays by the Department of Transportation, the DOT announced Wednesday.

Why it matters: Wednesday's announcement by the outgoing Biden administration's Transportation Secretary, Pete Buttigieg, comes days after the DOT fined JetBlue $2 million for chronic flight delays — the first time such a penalty had been imposed on an airline.

What we're watching: When asked for comment Wednesday evening on whether Southwest would petition the incoming Trump administration to withdraw the lawsuit, company spokesperson Lynn Lunsford said the airline "has kept an open dialogue with DOT and continues to invite the agency to engage in discussions about a reasonable settlement."

Driving the news: The U.S. Government and Buttigieg are seeking maximum penalties against Southwest for allegedly illegally operating multiple chronically delayed flights, per the lawsuit that was filed in the U.S. District Court for the Northern District of California on Wednesday.

• DOT alleges an investigation found that Southwest operated two "chronically delayed" services between April and August 2022 that resulted in 180 flight disruptions for passengers.
• Each flight involving the trips Chicago Midway International Airport and Oakland, Calif, and between Baltimore, Md. and Cleveland, Ohio, was chronically delayed for five straight months, per the suit.

Separately, DOT issued Frontier Airlines with a fine for "operating multiple chronically delayed flights."

• The airline faces $650,000 in civil penalties with $325,000 to be paid to the U.S. Treasury, per a DOT statement.
• The remaining $325,000 to be suspended if the carrier does not operate any chronically delayed flights in the next three years.

What they're saying: "Airlines have a legal obligation to ensure that their flight schedules provide travelers with realistic departure and arrival times. Today's action sends a message to all airlines that the Department is prepared to go to court in order to enforce passenger protections," Transportation Secretary Pete Buttigieg said in a statement.

• Lunsford said via email the airline was "disappointed that DOT chose to file a lawsuit over two flights that occurred more than two years ago" and noted there had been no other violations of the department's Chronically Delayed Flight policy since it was issued in 2009.
• "Any claim that these two flights represent an unrealistic schedule is simply not credible when compared with our performance over the past 15 years," she said. "In 2024, Southwest led the industry by completing more than 99% of its flights without cancellation."
• Representatives for Frontier declined to comment and representatives for President-elect Trump did not immediately respond to Axios' request for comment in the evening.

Go deeper: The best (and worst) airports for on-time departures

A handful of potential buyers have emerged, as the deadline for TikTok to be banned in the U.S. is a few days away.

Why it matters: A sale is an option that ByteDance, TikTok's parent company, could exercise if it wants the app to be a part of the U.S. media landscape.

• Biden could push the ban's deadline by 90 days if he learns that ByteDance is making progress toward a divestiture.
• If the company chooses not to sell, TikTok will be banned as early as Jan. 19 if the Supreme Court upholds a bipartisan law.

Zoom in: YouTuber James "Jimmy" Donaldson, famously known as MrBeast, announced on Wednesday in an Instagram post that he had a meeting with several billionaires and has "an offer ready" for TikTok.

• Donaldson did not share further information about who the billionaires are or what the plan looks like.
• He did not immediately respond to a request for comment.

Billionaire Frank McCourt in December pulled together participants for a consortium of investors interested in pursuing a "peoples bid" for TikTok, Axios' Sara Fischer reported.

• McCourt believes Project Liberty, an internet advocacy group, "is uniquely positioned to assume stewardship of TikTok" because of the tech and governance protocols it has built to prioritize user privacy and safety.
• The bid has been joined by Kevin O'Leary, one of the hosts of "Shark Tank."
• Project Liberty announced last week that it submitted a proposal to buy TikTok from ByteDance.

Bobby Kotick, the former CEO of Activision Blizzard, expressed interest to ByteDance co-founder Zhang Yiming about buying TikTok, the Wall Street Journal reported last year.

• Kotick floated the idea to a table of people that included OpenAI CEO Sam Altman.
• Kotick has not commented publicly on the offer.

By the numbers: TikTok has a stunning 170 million users in the U.S., and just 32% of Americans support a ban, according to a Pew Research Center survey.

The bottom line: All of TikTok's interested buyers may want to purchase the platform, with its price tag estimated in the billions, but ultimately, the Chinese government will effectively hold veto power over any sale.

More from Axios:

• What will happen to TikTok on Jan. 19
• Meta, Google stand to win ad share from TikTok ban
• TikTok Supreme Court takeaways

House Speaker Mike Johnson (R-La.) has ousted Rep. Mike Turner (R-Ohio) as the chair of the House Intelligence Committee, multiple GOP sources familiar with the matter confirmed to Axios.

Why it matters: Turner, who was tapped to lead Republicans on the panel by former House Speaker Kevin McCarthy (R-Calif.) in 2022, has at times broken with party leadership in a way that angered his GOP colleagues.

• Most notably, he put out a jarring but cryptic statement last February warning of a "serious national security threat" that turned out to be about Russian nuclear anti-satellite weapons.
• One former House Republican said there is a feeling that Turner is "way too intel establishment."

Zoom out: It's the second time in as many days Johnson has removed a Republican from a key panel.

• Rep. Thomas Massie (R-Ky.), the lone House Republican to vote against reelecting Johnson as speaker on Jan. 3, was taken off the Rules Committee — though he left voluntarily.

• Biden delivered his farewell address to the nation on Wednesday, days before he leaves office.
• Biden warned of an oligarchy taking shape in the US and a "tech industrial complex."
• He also said AI posed opportunities and risks and that the US must lead the way over China.

President Joe Biden delivered stark warnings for the American people during his farewell address to the nation Wednesday night, capping a 50-year career in politics less than a week before his one-term presidency comes to an end.

Biden highlighted some accomplishments of his term, including the passage of major climate legislation and a gun-safety law. But he also said he wanted to warn the country about "the dangerous concentration of power in the hands of a very few ultra-wealthy people and the dangerous consequences if their abuse of power is left unchecked."

"Today, an oligarchy is taking shape in America of extreme wealth, power, and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead," he said, adding that the wealthy needed to "pay their fair share of taxes" and play by the same rules as everyone else.

Biden also said he was concerned about "the potential rise of a tech industrial complex" that could pose real dangers for the US, citing a "concentration of technology, power, and wealth."

"Americans are being buried under an avalanche of misinformation and disinformation, enabling the abuse of power. The free press is crumbling, editors are disappearing. Social media is giving up on fact checking," Biden said, seemingly a reference to Meta moving away from third-party fact checkers. "The truth is smothered by lies told for power and for profit."

Biden said artificial intelligence posed both opportunities and risks for American society, security, and the economy.

"But unless safeguards are in place, AI could spawn new threats to our rights, our way of life, to our privacy, how we work and how we protect our nation. We must make sure AI is safe and trustworthy and good for all humankind," he said, adding, "And as the land of liberty, America, not China, must lead the world of the development of AI."

Biden's remarks on AI came a day after he signed an executive order to speed up AI infrastructure projects in the US. On Monday he also announced new chip rules aimed at advancing AI development in US-allied countries in an effort to counter China.

At the start of the address, Biden briefly addressed the Gaza cease-fire agreement that the White House had announced earlier on Wednesday after more than a year of conflict in the area.

Biden said the plan was developed and negotiated by his team and would largely be implemented by President-elect Donald Trump's incoming administration. "That's why I told my team to keep the incoming administration fully informed, because that's how it should be — working together as Americans," he said.

A senior administration official said in a call Wednesday evening the Biden administration worked for several months on the terms of the negotiation with officials from Egypt and Qatar, but in its final days, members of Trump's administration joined the discussions to help finalize the agreement. The official also said the transition from one president to the next helped to create a deadline for the negotiations.

In his message on Wednesday, Biden also emphasized his belief in and the importance of safeguarding American institutions and democracy.

Trump is set to be sworn into office on January 20, kicking off his second term in the White House.

Biden's presidency is ending after he dropped out of the presidential race last year to serve a second term amid concerns about his age and mental acuity.

President Biden took swipes at President-elect Trump during his farewell address Wednesday as he reflected on his legacy from the Oval Office.

The big picture: The 82-year-old, one-term president who has spent five decades in politics will hand over the White House keys to 78-year-old Trump next week, after initially running to rid him from Washington.

• While pledging to a peaceful transition of power and wishing success to the incoming administration, Biden took aim at Trump in his speech, saying: "We need to amend the Constitution to make clear that no president is immune from crimes that he or she commits while in office."

What he's saying: "I've kept my commitment to be president for all Americans through one of the toughest periods in our nation's history," Biden said in his first speech from the Oval Office since announcing he wasn't running for re-election.

• He called Vice President Harris a great partner in that effort.
• "Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms," he said.
• Biden said the tax code must be reformed, "not by giving the biggest tax cuts to billionaires, but by making them begin to pay their fair share."
• However, he wished the incoming administration "success," saying he wants the U.S. to succeed, and pledged "to ensure a peaceful and orderly transition of power."

Zoom in: In a letter to the public Wednesday, Biden praised his administration's accomplishments and called on Americans to continue building on its progress.

• "It has been the privilege of my life to serve this nation for over 50 years ... I have given my heart and my soul to our nation," Biden wrote.
• He also delivered remarks earlier Wednesday about the Gaza ceasefire and hostage deal.

Flashback: Biden dropped out of the 2024 presidential race in July after a poor performance in a debate against Trump.

• He quickly endorsed Vice President Harris to be the party's nominee, though she ultimately lost.

Go deeper: "History is in your hands" Biden tells Americans ahead of farewell address

Editor's note: This a breaking news story. Please check back for updates.